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Why Apple Stock Popped Today
Apple (NASDAQ: AAPL) stock hit the mark Wednesday afternoon, scoring a 2.5% gain as of 2:45 p.m. ET after the tech giant announced it will hold a “Peek Performance” product launch event on March 8 — less than a week away. Investors seem so excited about the news, that they’re looking right past Apple’s other announcement, yesterday, that it will halt product sales in Russia, and remove Russian propaganda/news sites RT News and Sputnik from its outside-Russia Apple Stores, sacrificing both hardware and services revenue in the process. As CNBC reports, Apple just sent out a batch of invitations asking media to tune into its Peek Performance launch event online — the company’s first such event since October 2021.
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